BRC FuelMaker

Westport Innovations reports that its marriage with Fuel Systems Solutions, Inc. is going forward, as the proposal has satisfied the requirements of the U.S. Hart-Scott-Rodino legislation. “There is no further antitrust clearance required to close the transaction,” Westport said last week.

Westport Innovations and Fuel Systems Solutions, Inc. said early last month that they plan to merge, projecting combined 2015 revenue ranging from $380 million to $405 million.

FSSI is the parent of natural gas vehicles developer and upfitter Impco Automotive, of BRC and FuelMaker for NGV fueling equipment, and other brands. The merger with Westport was announced on September 1 (F&F, September 1).

Westport has formed a subsidiary called Whitehorse Merger Sub, which is to “merge with and into Fuel Systems, with Fuel Systems surviving the merger as a wholly owned subsidiary of Westport.”

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“One of CDP’s priorities is to see the rapid and widespread adoption of CNG vehicles, both for fleets and for individuals,” CDP president Kevin Fern says in a release. “Offering the vehicle, retrofit and fuel appliance at the same time reduces costs and complexity while ordering.

“This makes the decision much easier for fleets who are concerned about purchasing and using a dedicated CNG vehicle, in locations where CNG fueling isn’t readily available,” he said.